Prechter Says DOW Will Fall To 1,000

The New York Times recently profiled Robert Prechter and his call for the Dow to fall to 1,000.

If you're not familiar with Mr. Prechter, he's a follower of an obscure accountant named RN Elliott who claimed to have discovered that the stock market follows a predictable pattern which is somehow (don't ask me) related to the Fibonacci Sequence...